Managers See Wild Year End,
More Risk, Less Reward in '98

By

Suzanne McGee Staff Reporter of The Wall Street Journal

Updated Nov. 17, 1997 12:01 a.m. ET

Be prepared. Protect yourself.

Traders and money managers are bracing for a turbulent end to a year characterized by wild price swings in stocks. They also don't anticipate a placid stock market in 1998: They are already getting ready for a new year of far more risk and less reward than the past three, when stock-market investors snapped up average annual stock-market returns over 20%.